Risk Management: Lever for SME Development and Stakeholder Value Creation

Risk management practices are growing both in number and complexity in businesses, notably driven by new regulatory standards that feature risk management at their core. Although large businesses are more likely to adopt a formal, holistic approach to risk management, the stakes are just as high for SMEs. Risk management in SMEs can contribute to a certain organizational, entrepreneurial and partnership dynamic which constitutes a real opportunity to evolve practices and improve performance. This book offers varied responses to this question by combining conceptual approaches, empirical illustrations and the associated managerial implications.

About the Author

Céline Bérard is Assistant Professor of Management Sciences at the University of Lyon (Lumière University Lyon 2, France) and a member of the research laboratory Coactis. Her research focuses on risk management in SMEs and the strategic decision-making process in complex situations.

Christine Teyssier is Assistant Professor of Management Sciences at the University of Lyon (Jean Monnet University, France) and a member of the research laboratory Coactis. Her research concentrates on risk management and the financial problems associated with business development, particularly in an SME context.